USD/CNY could reach the 6.70 level if PBoC triggers further rate cuts – SocGen USDCNY China Banks PBOC
The yuan outlook is hinged on China’s monetary policy trajectory
“An overshoot to 6.70 or above cannot be ruled out, as the Fed is set to tighten aggressively. Besides, fiscal easing is underway, the credit impulse is picking up and infrastructure investment growth has started to reaccelerate.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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